What is $NANC ETF fund? The latest Democrat politician stock tracker
Have you ever aspired to be like Nancy Pelosi? Sarcasm aside, you may have caught wind of a new ETF, aimed at tracking democrat politicians trades. ‘Unusual Whales Subversive Democratic Trading ETF’ or its ticker $NANC, is a new ETF that was incepted on Feb. 6, 2023. The $NANC (short for Nancy, one can assume) is comprised of stocks that Democratic members of the United States Congress and/or their families, are linked to.
Should you invest in $NANC ETF?
This isn’t financial advice, but if you’ve been paying attention, politicians keep getting richer by making tremendous trades in the US stock market.
Are they trading guru’s with a one up on Warren Buffett? Are their perfectly timed trades a mere coincidence?
Like when Nancy Pelosi was buying and selling Nvidia stock ($NVDA) prior to a semi-conductor bill that was about to be voted on by congress?
Watch this.
Reporter: “Has your husband ever made a stock purchase or sale based on info received from you?”
Pelosi: “No, absolutely not.”
The Pelosi’s recently bought shares in Nvidia, $NVDA, worth millions.
Nancy Pelosi backs the CHIPS Plus bill, a $52B semiconductor bill. pic.twitter.com/uMNIRVxg44
— unusual_whales (@unusual_whales) July 21, 2022
Or perhaps the Pelosi (*cough* crime *cough*) family read ‘Big D Trading‘ and have subsequently became brilliant traders.
I’d wager on that she had some sort of ‘insider’ knowledge, but that’s just an opinion. Besides, the facts don’t look dubious, do they?
BREAKING
On July 27th, Nancy & Paul Pelosi sold all 25,000 of their shares of Nvidia, $NVDA.
Today $NVDA was told to restrict chip sales in China & Russia by the US Government on August 26. $NVDA is down 20% since their initial sale, -5% in after hours today.
Unusual.
— unusual_whales (@unusual_whales) August 31, 2022
Well, the good news here is if you want to emulate a corrupt politician, you too can feel like an insider with the $NANC ETF.
What stocks are in the $NANC ETF?
According to Seeking Alpha, $NANC ETF’s top holdings consist of Microsoft ($MSFT), Amazon ($AMZN), Apple ($AAPL), Alphabet Holdings ($GOOGL), Salesforce ($CRM), Nvidia ($NVDA), Disney ($DIS), and others making up less than one percent of the portfolio.
Political biases aside, $NANC seems ‘fair and balanced’ to steal a quip from the right-leaning Fox News.
Despite the tech giants listed, a name stuck out to me among the smaller holdings.
Phillip Morris International, the infamous cigarette producer, makes up 0.92% of $NANC as of Feb. 16, 2023.
I find that ironic given a recent push by democrats to lower the amount of nicotine within cigarettes. And the push to ban menthol cigarettes from shelves.
Though like most politicians moto’s: ‘rules for thee, not for me.’
Will I be investing in $NANC, time will tell. Though if you want to assemble your own democrat-themed portfolio, there’s a number of blue-chip stocks to pick from in the ETF.
It doesn’t warrant discussion though.
Because while most investors and traders experienced significant paper losses in 2022, somehow politicians beat the market.
Take it from the $NANC ETF’s portfolio manager, Christian Cooper:
“Congress has outperformed the market and beat the SPY index in 2021 and 2022. We believe members of Congress have more information than the rest of us, and if they can trade on that information, we should be able to do the same, and now we can,”
I wouldn’t quite label the Nancy Pelosi themed portfolio as a meme stock, I’ll leave that to Gamestop, AMC and others.
But, I’ll certainly be tracking its performance as I could see it occasionally pumping with spikes of political news.
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